Of numerous statements now keep in touch with this new pandemic and its own effect on education loan consumers. A typical land is the conjecture whenever the present day suspension on federal student loan fees stops, a large number of consumers often slip past due and ultimately default. When we check pre-pandemic education loan study, we know of a lot consumers-disproportionality those individuals of underserved teams-fall past-due and you can standard to their loans.
This topic is actually chatted about when you look at the a recent webinar organized by Cardio for Financial Shelter. About three panelists who work physically which have people considering specialist notion toward these particular populations sense delinquency and you can standard at the a disproportionate rate.